CHINA WATER plans to issue priority notes with a principal amount of USD 150 million
CHINA WATER plans to issue USD 150 million of senior notes, which will be guaranteed by its subsidiaries, with an expected maturity in 2030 and an interest rate of 5.875%. The proceeds from the issuance will be used to repay offshore debt and partially for financing eligible green projects. The company has obtained approval for listing on the Singapore Exchange and expects to complete the issuance on October 22, 2025
According to the Zhitong Finance APP, China Water (00855) announced that the company has conducted an international issuance of dollar-denominated senior notes, which are guaranteed by its subsidiary guarantors.
On October 15, 2025, the company and its subsidiary guarantors entered into a purchase agreement with Morgan Stanley & Co. International plc, Barclays Bank PLC, China International Capital Corporation Hong Kong Securities Limited, CITIC Bank International Limited, Deutsche Bank Hong Kong Branch, DBS Bank Ltd., and Nisshin Securities (Hong Kong) Limited (as initial purchasers) for the issuance and sale of senior notes with a total principal amount of USD 150 million, maturing in 2030, with a coupon rate of 5.875%.
The total proceeds from the note issuance will be approximately USD 148.4 million. The net proceeds will be used to repay certain offshore debts. Under this premise, the company plans to use all or part of the amount equivalent to the total proceeds from this issuance to finance or refinance eligible green projects (especially water supply projects) in accordance with the blue-green financing framework.
The company has received the initial approval from the Singapore Exchange for the notes to be listed and quoted on the Singapore Exchange. The note issuance is expected to be completed on October 22, 2025
